Nonjudicial foreclosure definition

Nonjudicial foreclosure means the sale of a lot:
Nonjudicial foreclosure means the sale of a unit:
Nonjudicial foreclosure means foreclosure under power of sale.

Examples of Nonjudicial foreclosure in a sentence

  • Nonjudicial foreclosure shall be commenced by the Association in compliance with California law.

  • Non-judicial foreclosure, which ends with the private sale of the property, is available only if the deed of trust or mortgage securing the loan contains a clause or provision granting a power of sale.

  • Depending on the particular foreclosure process, examples of these documents could be a complaint, petition, order to docket, or notice of hearing;• Non-judicial foreclosure – recording or publication requirement.

  • Where foreclosure procedure does not require an action or court proceeding (such as under a power of sale), the first notice or filing is the earliest document required to be recorded or published to initiate the foreclosure process; or• Non-judicial foreclosure – no recording or publication requirement.

  • Depending on the particular foreclo- sure process, examples of these documents could be a complaint, petition, order to docket, or notice of hearing;• Non-judicial foreclosure – recording or publication requirement.

  • Nonjudicial foreclosure against collateral, however, “enforces the deed of trust, not the underlying note.” Lombardi v.

  • Non-judicial foreclosure is faster and less expensive than its judicial counter- part.

  • Where foreclosure pro- cedure does not require an action or court proceeding (such as under a power of sale), the first notice or filing is the earliest document required to be recorded or published to initi- ate the foreclosure process; or• Non-judicial foreclosure – no recording or publication requirement.

  • Non-judicial foreclosure proceedings in Michigan—which represent nearly all foreclosures in the state—are not a “proceeding in a State court” for purposes of the Anti-Injunction Act; therefore, federal courts are not precluded by that Act from enjoining foreclosure proceedings.

  • Non-judicial foreclosure shall be commenced by the Association by recording in the Office of the County Recorder a Notice of Default, which shall state all amounts which have become delinquent with respect to the Member’s Space and all Additional Charges, the amount of any Assessment which is due and payable although not delinquent, a legal description of the property with respect to which the delinquent Assessment is owed, and the name of the Member of record.


More Definitions of Nonjudicial foreclosure

Nonjudicial foreclosure means the sale of a lot: 939 (a) for the nonpayment of an assessment;
Nonjudicial foreclosure means the sale of a lot: 890 (a) for the nonpayment of an assessment; and
Nonjudicial foreclosure means a foreclosure that proceeds without judicial process.
Nonjudicial foreclosure means foreclosure under the alternate power of sale foreclosure process under part II.
Nonjudicial foreclosure means the sale of a Lot for the nonpayment of an Assessment in the same manner as the sale of trust property under Utah Code Xxx. §§ 57-1-19 through 57-1-34 and as further provided in Article 7 hereof.

Related to Nonjudicial foreclosure

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.

  • Condemnation means a temporary or permanent taking by any Governmental Authority as the result or in lieu or in anticipation of the exercise of the right of condemnation or eminent domain, of all or any part of the Property, or any interest therein or right accruing thereto, including any right of access thereto or any change of grade affecting the Property or any part thereof.

  • Mortgagee The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Eligible mortgagee means the holder of a security interest on a unit that has filed with the secretary of the association a written request that it be given copies of notices of any action by the association that requires the consent of mortgagees.

  • Other Property shall have the meaning set forth in Section 4.4.